At 31 December 2024
(All amounts in RMB millions)
|
As at 31 December |
|||
|---|---|---|---|
|
Note |
2024 |
2023 |
|
|
|
|
|
|
|
ASSETS |
|||
|
Non-current assets |
|||
|
Property, plant and equipment |
351,530 |
355,995 |
|
|
Right-of-use assets |
47,522 |
52,608 |
|
|
Goodwill |
2,771 |
2,771 |
|
|
Interest in associates |
45,058 |
44,188 |
|
|
Interest in joint ventures |
11,453 |
10,240 |
|
|
Deferred income tax assets |
1,256 |
817 |
|
|
Contract assets |
77 |
86 |
|
|
Contract costs |
8,868 |
8,493 |
|
|
Amounts due from related parties |
3 |
— |
|
|
Financial assets measured at fair value |
4,667 |
5,217 |
|
|
Long-term bank deposits |
15,185 |
— |
|
|
Other assets |
24,047 |
22,535 |
|
|
|
|
|
|
|
512,437 |
502,950 |
||
|
|
|
|
|
|
Current assets |
|||
|
Inventories |
2,463 |
2,217 |
|
|
Contract assets |
275 |
279 |
|
|
Accounts receivable |
53,730 |
38,692 |
|
|
Prepayments and other current assets |
27,590 |
26,208 |
|
|
Amounts due from ultimate holding company |
5,113 |
4,610 |
|
|
Amounts due from related parties |
1,387 |
588 |
|
|
Amounts due from domestic carriers |
4,386 |
2,267 |
|
|
Financial assets measured at fair value |
9,150 |
24,428 |
|
|
Short-term bank deposits and restricted deposits |
26,226 |
11,079 |
|
|
Cash and cash equivalents |
28,480 |
47,733 |
|
|
|
|
|
|
|
158,800 |
158,101 |
||
|
|
|
|
|
|
Total assets |
|
671,237 |
661,051 |
|
|
|
|
|
|
EQUITY |
|||
|
Equity attributable to equity shareholders of the Company |
|||
|
Share capital |
254,056 |
254,056 |
|
|
Reserves |
(10,378) |
(12,912) |
|
|
Retained profits |
|||
|
— Proposed final dividend |
4,779 |
4,088 |
|
|
— Others |
112,588 |
106,242 |
|
|
|
|
|
|
|
361,045 |
351,474 |
||
|
|
|
|
|
|
Non-controlling interests |
2,525 |
2,424 |
|
|
|
|
|
|
|
Total equity |
363,570 |
353,898 |
|
|
|
|
|
|
|
LIABILITIES |
|||
|
Non-current liabilities |
|||
|
Long-term bank loans |
1,170 |
1,252 |
|
|
Lease liabilities |
24,222 |
30,617 |
|
|
Deferred income tax liabilities |
1,306 |
600 |
|
|
Deferred revenue |
8,229 |
9,212 |
|
|
Amounts due to ultimate holding company |
958 |
881 |
|
|
Other obligations |
1,110 |
939 |
|
|
|
|
|
|
|
36,995 |
43,501 |
||
|
|
|
|
|
|
Current liabilities |
|||
|
Short-term bank loans |
711 |
681 |
|
|
Current portion of long-term bank loans |
243 |
354 |
|
|
Lease liabilities |
13,419 |
12,640 |
|
|
Accounts payable and accrued liabilities |
163,367 |
161,279 |
|
|
Bills payable |
5,296 |
6,275 |
|
|
Taxes payable |
2,683 |
3,547 |
|
|
Amounts due to ultimate holding company |
2,026 |
1,033 |
|
|
Amounts due to related parties |
29,311 |
25,924 |
|
|
Amounts due to domestic carriers |
4,159 |
2,959 |
|
|
Current portion of other obligations |
2,495 |
2,493 |
|
|
Contract liabilities |
46,739 |
46,179 |
|
|
Advances from customers |
223 |
288 |
|
|
|
|
|
|
|
270,672 |
263,652 |
||
|
|
|
|
|
|
Total liabilities |
307,667 |
307,153 |
|
|
|
|
|
|
|
Total equity and liabilities |
671,237 |
661,051 |
|
|
|
|
|
|
|
Net current liabilities |
(111,872) |
(105,551) |
|
|
|
|
|
|
|
Total assets less current liabilities |
400,565 |
397,399 |
|
|
|
|
|
|
|
|
|||
The notes on pages 102 to 209 are an integral part of these consolidated financial statements.
Approved and authorised for issue by the Board of Directors on 18 March 2025 and signed on behalf of the Board by:
|
Chen Zhongyue |
Li Yuzhuo |
|
Chairman and Chief Executive Officer |
Executive Director and Chief Financial Officer |